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HMRC

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The government has introduced the Self-employment Income Support Scheme to help the self-employed affected by COVID-19 It’s a generous scheme – you’ll receive a taxable grant which will be (in simple terms) 80% of the average profits from the last three tax years. It i...
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This is a copy of the government email I have received.I have highlighted the important points....
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If you're struggling to pay your Self Assessment tax you may be able to set up a payment plan with HMRC to pay it over the next 12 months. The best thing about it is you don't have to speak to anyone at HMRC because you can apply online. To be eligible to set up an online pa...
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Successive governments, Conservative, Labour and for a short term the LibDems (in coalition with the Conservatives), have over the last 30 years cut HMRC so much that it's no longer fit for purpose....
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Too many accountants give bad advice.I have come across so many that I now believe that they just can't be bothered to give the right advice because it means they have to do some work to help their client,The commonest example is that "unless you have a receipt you can't cla...
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2019 tax return deadlines

August 10, 2019
It's a wet weekend so I thought I'd write something interesting about tax. Never an easy task at the best of times.If HMRC have told you that you must submit a 2019 tax return you have until 31 January 2020 to submit it online or 31 October 2019 if you complete a paper retur...
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If you're self employed HMRC will allow you to claim for the cost of business journeys in two ways: 1) A percentage of all your car expenses based on the proportion of business miles you do. You may also be able to claim for the cost of your car as well. 2) An approved milea...
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HMRC penalties

November 17, 2018
HMRC have , without a doubt, over the last few years been less and less concerned about making sure taxpayers have done the right thing at the right time because if the taxpayer didn't bother there were ample opportunities for HMRC to charge penalties. In my opinion most of ...
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In very simple terms, during the current tax year, which will end on 5 April 2019, everyone can have an income of up to £11,500 without paying any tax (but see the notes below). Don’t forget that income is the total of what you have been paid by clients less your business...
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It all depends when you started being self employed. If it was on or after 6 April 2017 but on or before 5 April 2018 you must notify HMRC that you're self employed by 5 October 2018. If it was on or after 6 April 2018 you have until 5 October 2019.Having said that, there's ...
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